UK: guidance - where a private company provides financial assistance for the purchase of its own shares

The Financial Law and Company Law Committees of the City of London Law Society have published a memorandum in which they explain the company law principles to take into account where a transaction involves a private company providing financial assistance for the purchase of its own shares. With effect from 1 October 2008, the giving of such financial assistance by a private company will no longer be unlawful - see here for further information - but, as the memorandum explains, other company law matters remain relevant.